Assessing the Impact of Big Data

By Michael Vizard

Assessing the Impact of Big Data

Big Data Has Big Potential 60% of respondents believe big data can help businesses and countries improve decision-making and be more competitive. More than two-thirds of IT managers say big data will be a strategic priority for their companies.

Assessing the Impact of Big Data

What's Needed Next More than a third report that although they have a big data solution, they still need a strategic plan.

Assessing the Impact of Big Data

Big Data Obstacles More than one in four respondents say data security and risk management are a major concern. The main issues include the volume of data, the number of ways to access data and a lack of budget for security.

Assessing the Impact of Big Data

Big Data to Increase IT Investments More than half of respondents expect big data strategies to increase their IT budgets in 2013. Nearly three of five say big data will increase budgets over the next three years. And four of five say some or all big data projects will require cloud computing capabilities.

Assessing the Impact of Big Data

The Network Effect Nearly half of IT managers estimate that their network loads will double over the next two years. Nearly one in four expect to see network loads triple over the next two years. And more than one in four say they will need better IT policies and security measures.

Assessing the Impact of Big Data

Big Data Expands IT’s Role While other departments will play a role, three of four respondents say the IT department will drive their big data strategy.

Assessing the Impact of Big Data

More IT Staffing Almost one in four IT managers say big data projects will significantly affect IT staffing, and more than half say it will have at least some impact.

Assessing the Impact of Big Data

Coping With Data in Motion Three of four respondents plan to include data from digital sensors, smart meters, video and other networked smart devices into their big data plans. Cisco calls this “Data in Motion.”